I’ve been trying to wrap my head around this for a while but can’t figure it out.
I know the big companies (Vanguard, Fidelity, TD) do their own clearing. But what about smaller ones, who go external for clearing? Let’s say small firm A (Robin Hood for example) and small firm B both use separate companies for clearing. If a stock is bought from A and being sold from B, how do they choose which clearing house to use?
Submitted March 16, 2022 at 07:31PM by Popular-Pressure-239 https://ift.tt/8jJQuZ9
